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Every tariff schedule since World War II on every product in every country has never been looked at this way. If a country charges 243% on Vermont butter, Vermont will implement a reciprocal tax on butter coming from that country. Both sides will realize this is not beneficial and agree to eliminate tariffs. Reciprocal tariffs will be rolled out on April 2nd. Some imbalanced trading partners are already dropping tariffs. If other countries drop their tariffs, the US will drop theirs. From April 2nd to June 30th other countries may also reduce tariffs. This creates a win-win situation. Either tariff barriers come down, allowing the US to export more with fairer trade, or the US will gain substantial revenues.

President Trump is prioritizing America by implementing reciprocal tariffs, a concept with bipartisan support. Trump aims to reverse decades of being the "world's ATM," referencing his 1988 concerns about trade imbalances with Japan and other countries not paying their fair share. The US has become overly reliant on adversaries like China, even for essential items like pharmaceuticals. Between 2020 and 2022, US imports of China-based pharmaceuticals grew by 485%. China now owns the American generic drug supply. Trump is implementing discounted reciprocal tariffs, charging China half of what they charge the US. Critics predict economic disaster, but Trump supporters argue these tariffs are essential for long-term independence and are already incentivizing investment in American factories. Critics accuse Trump of promising to lower the high cost of living, but now, quote, crashing the economy. Countering claims that Trump will cut Social Security, supporters say he explicitly stated he would not. The speaker claims the media lies about Trump, while Americans support his actions.

This isn't a trade war, but a balancing of our economy with countries that have taken advantage of us for decades, getting rich over the backs of American workers. Unfair trade deals have caused the loss of manufacturing jobs, with production moving overseas and then being sold back to the U.S. Countries need access to the U.S. economy, the largest and greatest in the world, but it's costing manufacturing jobs. It is time for someone to stand up, and President Trump is applauded for being the first president to stand up and address this. It's about the future of America's economy. Trade deficits have increased year after year, and President Trump is finally doing something about it.

I claim to be the chosen one, stating that China has made $500 billion by ripping off the United States through intellectual property theft and other means. I believe someone had to take action, so I am taking on China in trade. And the good news is, we are winning.

Chuck Schumer and Nancy Pelosi have been discussing tariffs for decades. China's repression, trade deficit, and job losses for American workers are issues. Tariffs signal to China that unfair trade policies must end, or there will be dramatic consequences. When Democrat elites want tariffs, it's accepted, but when President Trump wants tariffs, there's a double standard. Some believe everyone knew tariffs were necessary, but lacked the courage to implement them. Implementing tariffs takes guts, and the country needs to be patient. The situation is working out, possibly faster than anticipated. This is a transition to greatness for the country. People investing in the country will do better than ever before.

Joe Biden's energy policies are causing high inflation and hitting American families hard. He reversed actions that achieved energy independence and canceled the Keystone XL Pipeline. By reentering the Paris climate accord and blocking new oil, gas, and coal production, he is raising energy costs and hurting industries like food, shipping, and manufacturing. China benefits from these high energy prices, driving our heavy industry overseas. To become an advanced manufacturing nation, we need low-cost energy. Biden's energy agenda aligns with China's, as they sign global climate deals and break them. When I'm back in the White House, I'll bring back a pro-American energy policy, eliminating unnecessary regulations and approving energy projects quickly. This will create jobs, restore hope, and make America great again.

The speaker believes tariffs should be placed on goods the U.S. makes, not on goods it doesn't, and sees them as a bargaining chip. They claim that Europe and Japan have 100% tariffs on American cars, preventing Ford and GM sales. The speaker suggests the U.S. should reciprocate to force negotiation and lower tariffs, allowing American companies to compete. While broad statements are necessary when running for office, tariffs are an amazing tool to protect the American worker. The speaker believes tariffs will either generate revenue or drive up domestic productivity, ideally both. The speaker references the Marshall Plan, where the U.S. allowed Germany and Japan to tariff American goods to rebuild their economies after World War II. They question why this arrangement persists decades later, with Europe and Japan still heavily tariffing U.S. industries like auto and furniture. The speaker attributes foreign-made furniture purchases to this tariff imbalance.

Under Joe Biden's policies, trade deficits have been increasing, leading to job losses and economic damage. Last year, the US lost $383 billion to China and nearly $1 trillion worldwide, the largest trade deficit in history. These losses result in China gaining more jobs, victories, and long-term prosperity, while also using the money to strengthen their military. This path of subservience and economic ruin is being laughed at by other countries. In contrast, during my presidency, tariffs on China and other countries led to job creation, wage growth, and the opening of 17,000 new factories. Under my leadership, we will end these job-killing deficits, regain independence, and experience a great economic boom. Thank you.

The world has been cheating the U.S. for decades with tariffs and non-tariff barriers like VAT taxes, dumping, currency manipulation, and technical and agricultural barriers. These barriers transfer $1.2 trillion of wealth abroad annually, and $18 trillion since the U.S. started running deficits. The president's strategy is to charge other countries what they charge the U.S. It's easy to calculate the tariff differential, but non-tariff barriers are much higher. The U.S. paused for ninety days, knowing countries would want to bargain, and anticipates potentially having 90 deals in 90 days. The speaker believes this pause was a success for President Trump, and they are going to get this done for the American people.

India has been a high tariff nation, making it difficult to sell into their market due to strong trade barriers. We're now moving to a reciprocal system; whatever tariffs India imposes, we will match. Previously, during my first term, we had the strongest economy ever, but I held off on reciprocal tariffs due to global suffering caused by COVID. Now, after decades of abuse, it's time to implement this fairness mechanism with many nations, not just India. The European Union is very difficult, and China was terrible until we started collecting hundreds of billions of dollars from them. I discussed India's high tariffs in the first term but couldn't get concessions. So, we're simply matching their tariffs, which is fair to the United States and, I believe, fair to India as well.

Joe Biden is accused of supporting a pro-China agenda that harms American manufacturing. The speaker claims that Biden and globalists raise taxes on American production, impose burdensome regulations, increase energy costs, and promote multinational agreements that send jobs and wealth overseas. The speaker proposes a pro-American overhaul of tax and trade policies, including universal baseline tariffs on foreign products and higher tariffs on countries that devalue their currency or engage in trade cheating. This plan aims to reduce trade deficits, bring back American jobs, and generate trillions of dollars for the US Treasury. The speaker also promises to end unfair trade deals, eliminate dependence on China, and prevent US companies from investing in China. They assert that Biden's ties to China make him weak on the issue. The speaker believes their trade agenda will make America a manufacturing powerhouse again.

The President has initiated a complete restructuring of the international trading system with a fair and reciprocal plan. For too long other countries have damaged our defense industrial base and threatened our national security. Take Europe, for example. The US runs a $230 billion trade deficit with them, especially in the auto industry. A Cadillac faces tariffs and VAT taxes that significantly increase its price in Germany, while a BMW coming to the US gets rebates, allowing it to be sold much cheaper. This disparity explains why Germany sells us eight times more cars than we sell them. To address this, we're going to identify how countries are unfairly exploiting us through tariffs and non-monetary barriers. Then we will determine reciprocal tariffs to counteract this unfairness, ensuring fair treatment for America. This isn't a political issue, it's an American issue. We want jobs, factories, and a strong defense industrial base here at home so we can be safe, secure, and prosperous.

Former President Trump claims that he was the only president to take on big pharma, but Joe Biden canceled his toughened pharmaceutical policies. Trump signed an executive order to ensure that the US government pays the same price for pharmaceuticals as other countries, saving American patients billions of dollars. However, Biden reversed this order, allowing other countries to negotiate lower prices while Americans pay high prices. Trump promises that if he is reelected, he will sign an executive order to end this unfair practice and make Big Pharma lower prices for American patients. He believes that rescinding his original order shows the power of Big Pharma, but he is determined to deliver savings for seniors and all American patients.

Trump instinctively understood that outsourcing everything was a mistake. Globalist elites believed in making things wherever it was most efficient, but they forgot that losing manufacturing means losing leverage. If we don't make things in America, we're vulnerable. It's easy to complain about tariffs, but what's the cost of allowing a dictator to destroy our economy overnight? Xi could cripple us by cutting off access and nationalizing industries. Nobody is talking about how easily Xi could destroy companies like Apple and millions of jobs with a stroke of a pen. I'm now pro-tariffs until we get our act together. We transformed into a manufacturing powerhouse during World War II in just two years; we can do it again. We also need to train a new generation in manufacturing. We should bring back defector visas, targeting critical people in hostile countries like China, offering them jobs here to weaken our adversaries.

Joe Biden has run up record trade deficits, costing the country jobs and trillions of dollars. To address this, I will pass the Trump Reciprocal Trade Act, which imposes the same tariffs on countries that impose tariffs on us. They can either eliminate their tariffs or pay us billions of dollars. This will benefit farmers, manufacturers, and the middle class, and reduce our dependence on China. We have been disrespected on trade for too long, but that ends now with the Trump Reciprocal Trade Act.

Joe Biden is accused of supporting a pro-China globalist agenda that harms American manufacturing. The speaker claims that Biden and globalists endorse higher taxes on American production, more regulations that destroy jobs, increased domestic energy costs, and multinational agreements that send wealth and factories overseas. The speaker proposes a pro-American overhaul of tax and trade policies to reward domestic production and tax foreign companies. They suggest implementing universal baseline tariffs on foreign products, with higher tariffs for countries that devalue their currency or engage in trade cheating. The speaker promises that this plan will reduce trade deficits, bring back American jobs, and generate trillions of dollars for the US treasury. They also vow to eliminate dependence on China and prevent US companies from investing in China. The speaker criticizes Biden's alleged weak stance on China due to his family's financial ties to the Chinese Communist Party. They believe their trade agenda will prioritize America and restore respect from China.

Joe Biden has run up record trade deficits, costing the country jobs and wealth. To address this, I will pass the Trump Reciprocal Trade Act, which will impose the same tariffs on countries that impose tariffs on American goods. If they don't drop the tariffs, we'll make money. Other countries will have two choices: eliminate tariffs on us or pay us billions of dollars. This will benefit farmers, manufacturers, and the middle class, and reduce our dependence on China. We have been disrespected on trade for too long, but with this act, that will change. The Trump Reciprocal Trade Act.

President Trump mentioned expanding the U.S. footprint, and it started when Trudeau said that evening out the trade relationship would mean Canada would cease to exist as a country. The President responded that if Canada can't exist without cheating in trade, then it should become a state. Canada is our friend and partner, but for decades, the U.S. allowed uneven trade imbalances. During the Cold War, we wanted countries to be strong economically, even if they were cheating. But these are rich, developed economies now. Whatever they charge us, we should charge them. If they don't allow American companies to operate, we shouldn't allow their companies here. American banks can't even operate in Canada. There has to be reciprocity and fairness. The days where countries take advantage of us have to end because it's not good for the global order and creates friction. This is the case with Canada and other allies.

If the US forces our hand, we will inflict the biggest trade blow they have ever endured with dollar-for-dollar retaliation. Any tariff imposed on Canada will be met with a smart and targeted response. The US tariffs are across the board and will hurt them. For example, aluminum is basically electricity in solid form, and imposing a 25% tariff on Canadian aluminum is like putting a 25% tax on electricity, which they need for the AI race with China. Our retaliation will be surgical, targeting American stakeholders who matter to the White House. I propose a 100% tariff on all Teslas and call on other affected countries to join us. We will also target specific Trump constituencies, like Wisconsin dairy farmers, by no longer allowing them to sell their products in Canada.

Of course big business and Wall Street hate Trump's tariffs; they've been decimating American manufacturing for decades. These tariffs are helping to reverse that trend. We've seen companies like Milwaukee Tool, which sounds American but is owned by the Chinese Communist Party, compete against American companies. That's why we need tariffs to protect companies that actually want to manufacture in the United States. Don't believe the lies you read; polls show Americans overwhelmingly support tariffs.

This is declared as a declaration of economic independence and liberation day. Foreign leaders have stolen jobs, ransacked factories, and torn apart the American dream for over 50 years, but this will end now by putting America First. An executive order will institute reciprocal tariffs on countries worldwide to supercharge the domestic industrial base, pry open foreign markets, and break down foreign trade barriers. More domestic production will mean stronger competition and lower prices. From this day on, America will produce the cars, ships, airplanes, minerals, and medicines it needs. The future will be built with American hands and heart, ushering in a golden age.

The president wants to impose tariffs on foreign importers to bring investment and jobs back to the U.S. Businesses can avoid tariffs by building and investing more in America and raising wages for American workers. The administration aims to lower inflation, ensure government services, and force businesses to invest in American workers. Inducing businesses to invest in American workers and reshoring supply chains will strengthen the economy long-term. The COVID crisis showed the U.S. can't rely on China for critical supplies. The president is changing a bipartisan consensus that has harmed American workers. Investing in the U.S. will be rewarded with lower taxes, regulations, and energy costs. The European Union has been tough on American workers by imposing tariffs. The president is defending the American worker and fighting back against unfairness. The U.S. has a $1 trillion trade deficit and will no longer allow Americans to go into debt to buy foreign-made goods.

Under Joe Biden's policies, trade deficits have been increasing, leading to job losses and economic damage. Last year alone, we lost $383 billion to China and nearly $1 trillion worldwide, the largest trade deficit in our history. These losses allow China to gain more jobs, victories, and long-term prosperity while they use the money to buy our real estate, factories, and build up their military. This path of subservience and economic ruin is evident to everyone, and other countries are mocking us. However, under my leadership, we will end these job-killing deficits, regain our independence, and experience a great economic boom. My previous tariffs on China and other countries actually resulted in no inflation, significant job creation, wage growth, and the opening of over 17,000 new factories in the USA. With my strategic national manufacturing initiative, we will achieve even greater success. Thank you.

The president is taking the right approach towards China, which has exploited the U.S. for two decades by stealing intellectual property and jobs. I align more with President Trump on this issue than with previous presidents, as they failed to confront China. If we show strength, China will likely back down, as they have more to lose with a $300 billion trade surplus with us. My priority is American jobs; when companies like General Electric move jobs to China, it harms workers in places like Schenectady, New York. We must prioritize the interests of American workers over international business interests.

America protects and defends countries like South Korea, Japan, Canada, and all of Europe. In exchange, South Korea steals the automobile and electronics industries, Japan closes its market to American cars, Canada runs up a massive trade deficit, and Europe has a $300 billion trade deficit with the United States. America is getting ripped off by every other country in the world, resulting in the deindustrialization of the heartland, destruction of the American dream, and the eradication of the industrial and manufacturing base needed for national security. This has to stop, especially with $36 trillion in debt.